ITC Results Analysis-Q1FY26

Operating Revenue for Q1FY26 is Rs. 23,129 Crs., 19.5% growth YoY, Total Income is Rs. 23,812 Crs., 18.9% growth YoY, EBITDA is Rs. 6,816 Crs., 4.15% growth YoY, EBITDA Margin is 29.47% declined by 435 Basis points YoY, PBT Rs. 7,128 Crs., 4.54% growth YoY, PAT Rs. 5,343 Crs. 4.93% growth YoY. On QoQ basis Op. Revenue is up by 13.5%, Total Income is up by 13.3%, EBITDA is up by 4.56%, but EBITDA Margins are declined by 252 Basis points, PBT is up by 4.3% and PAT is also up by 3.65%. FMCG – Others Segment witnessed pick up in Revenue growth momentum; up 8.6% YoY ex Notebooks Overall growth at 5.2% YoY, Segment EBITDA margin up 50 bps on QoQ basis, Cigarettes Net Segment Revenue up 7.7% YoY. Agri Business Segment Revenue up 39% YoY driven by agri commodity trading opportunities & exports of Leaf Tobacco; Segment PBIT up 22% YoY Paperboards, Paper and Packaging Segment reflects impact of influx of low-priced supplies into global markets including India, elevated domestic wood prices and subdued realisations Amidst a challenging operating environment as stated above, the Company delivered resilient performance during the quarter